Witan Pacific Investment Trust PLC Result of AGM (3278R)
June 13 2018 - 12:06PM
UK Regulatory
TIDMWPC
RNS Number : 3278R
Witan Pacific Investment Trust PLC
13 June 2018
WITAN PACIFIC INVESTMENT TRUST PLC (the "Company")
Annual General Meeting
The Company announces that, at its Annual General Meeting held
on 13 June 2018 (the "AGM"), resolutions 2 to 7 and 10 to 13 set
out in the Notice of the Meeting were duly passed on a show of
hands. Details of the proxy votes received on these resolutions
prior to the meeting will shortly be made available on the
Company's website.
As set out in the circular to shareholders dated 8 June 2018,
resolutions 8 and 9 in connection with the appointment of the
auditor were withdrawn. The AGM was subsequently adjourned and will
be reconvened at 11.05am on 26 June 2018 (or if later as soon as
possible following the conclusion of the general meeting convened
for the same day) at the offices of J.P. Morgan Cazenove, 60
Victoria Embankment, London EX4Y 0JP. Resolution 1 in connection
with the approval of the report and accounts for the year ended 31
January 2018 will be proposed at the adjourned AGM.
The full text of the resolutions passed at the AGM may be found
in the Notice of Meeting contained in the Report and Accounts for
the year ended 31 January 2018. Copies will be submitted to the
National Storage Mechanism and will shortly be available at
www.morningstar.co.uk/uk/nsm.
Share buy-back programme
The Company announces that it has authority to repurchase a
maximum of 9,467,723 of its ordinary shares (being its outstanding
shareholder authority). Such authority lasts until the next
shareholder authority granted, or where expressly revoked by
shareholders. The buy-back may be funded from the Company's
resources (including redemptions on funds the Company has invested
in and debt facilities, where relevant). No maximum consideration
payable has been determined by the Company, but the Company is
unable to pay a price for any shares pursuant to the buy-back which
would equate to a premium on the net asset value.
The Company has appointed J.P. Morgan Securities plc to act as
its broker in respect of the buy-back.
The buy-back will be undertaken pursuant the Company's discount
management policy.
This arrangement is in accordance with Chapter 12 of the UKLA
Listing Rules and the Company's general authority to repurchase
shares.
Link Company Matters Limited - Corporate Secretary
Email: WitanPacificInvestmentTrustPlc@linkgroup.co.uk
LEI: 213800KOK5G3XYI7ZX18
13 June 2018
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END
RAGSFIFMDFASESM
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